Among the funds in the top 100 seeing the biggest increases were the UCLA Foundation, up 49.3% to $1.5 billion; the University of Iowa & Foundation, up 31.9% to $1 billion; and the University of Virginia, up 28.4% to $4.8 billion.

Study officials cautioned that reported changes in valuations don’t represent the rate of return on the endowments’ investments, but rather take into account additions from gifts, payment of management and investment fees, withdrawals to fund institutional operations and investment gains or losses.

Among Ivy League schools, Columbia University saw the largest increase for the fiscal year, up 19.5%, while Dartmouth College saw the smallest, up 13.8%.

The 25 largest college endowments:

Rank

School

Endowment (,000) as of 6/30/11

1

Harvard University

$31,7B

2

Yale University

$19,4B

3

University of Texas System

$17,1B

4

Princeton University

$17,1B

5

Stanford University

$16,5B

6

Massachusetts Institute of Technology

$9,7B

7

University of Michigan

$7,8B

8

Columbia University

$7,8B

9

Northwestern University

$7,2B

10

Texas A&M University System & Foundations

$7B

11

University of Pennsylvania

$6,6B

12

University of Chicago

$6,6B

13

University of California

$6,3B

14

University of Notre Dame

$6,3B

15

Duke University

$5,7B

16

Emory University

$5,4B

17

Washington University in St. Louis

$5,3B

18

Cornell University

$5B

19

University of Virginia

$4,8B

20

Rice University

$4,5B

21

University of Southern California

$3,5B

22

Vanderbilt University

$3,4B

23

Dartmouth College

$3,4B

24

New York University

$2,8B

25

Johns Hopkins University

$2,6B

Source: 2011 NACUBO-Commonfund Study of Endowments

-Tom Bemis

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